Trump-backed American Bitcoin flips ProCap in corporate BTC treasury race

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Bitcoin’s months-long descent hasn’t stopped firm treasury companies from accumulating the integer asset, with the Eric Trump-backed American Bitcoin overtaking ProCap Financial, founded by entrepreneur Anthony Pompliano, successful full Bitcoin holdings.

American Bitcoin has added much than 1,000 Bitcoin (BTC) to its reserves since the commencement of December, lifting its full holdings to 5,044 BTC, valued astatine astir $443 million, according to information from manufacture tracker BitcoinTreasuries.NET.

ProCap Financial, established to physique a Bitcoin-focused fiscal level and concern vehicle, has slipped to 22nd spot among firm holders, holding astir 5,000 BTC. The institution has besides accrued its Bitcoin equilibrium successful caller weeks, according to the data.

American Bitcoin went nationalist earlier this twelvemonth pursuing a reverse merger with Gryphon Digital Mining, a publically traded Bitcoin mining company. The institution debuted successful March aft rebranding from American Data Center and was introduced by US President Donald Trump’s sons, Donald Trump Jr. and Eric Trump.

Pompliano’s ProCap went nationalist aft closing a $750 cardinal fundraising round implicit the summertime done a special-purpose acquisition company, with a mandate to supply investors with vulnerability to Bitcoin and the broader digital-asset economy.

Bitcoin proxy stocks nether pressure

2025 has been described arsenic Bitcoin’s “IPO moment” by Bitwise main concern serviceman Matt Hougan, a characterization echoed by other Wall Street veterans who accidental aboriginal investors are present realizing sizable gains arsenic caller superior enters the marketplace done exchange-traded funds and firm buyers.

“In the accepted world, this infinitesimal is called an IPO. It’s the infinitesimal erstwhile aboriginal believers currency out, erstwhile founders go wealthy, erstwhile task capitalists instrumentality wealth to their constricted partners,” Jordi Visser of 22V Research said during a recent podcast occurrence with Anthony Pompliano.

The firm Bitcoin treasury contention has accelerated sharply, with the apical 100 publically listed holders collectively amassing much than 1.08 cardinal BTC. At the aforesaid time, equities with nonstop vulnerability to Bitcoin, either done treasury holdings oregon halfway concern operations, person seen renewed volatility amid a broader repricing of hazard crossed markets.

American Bitcoin has been among the hardest hit, with its banal plunging much than 50% successful a azygous session earlier this month. Shares of Strategy, led by Michael Saylor, are down much than 60% from their all-time high, underscoring the increasing strain facing Bitcoin-focused treasury companies.

Despite the volatility, companies person continued to buy. Strategy said Monday that it acquired much than 10,000 BTC past week alone, lifting its two-week full to implicit 20,000 BTC.

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